CryptoExchange.org jumps from $500 to $5,000 in final minutes of bidding on Go Daddy Auctions

Cryptoexchange.org

I was bidding on some domains at Go Daddy auctions over the weekend and watching a number of different auctions at the same time. Since I focus on .COM I’m not bidding on .ORG much, but I decided to start watching the CryptoExchange.org auction out of curiosity a few days ago.

As I’ve mentioned in the past, people seem to be going gaga for crypto names and I was interested to see what this one would go for. My guess was it would sell for something in the $500 – $1,000 range…and boy was I wrong.

Earlier in the day the price was in the $400’s and then as the auction got closer to closing it shot up like a rocket ship, the last time I looked it was at $4,849 with three minutes to go which means it very likely sold for over $5,000.

While I get it “cryptoexchange” is a hot two-word combo right now, it makes less sense in .ORG and at $5k+ I have to imagine this is an end-user sale. I’ll be interested to see what happens with this name and if anyone knows what the final sale price was I’d be very interested to know that as well.

To me, it feels like this is a steep price to pay for this name in the .ORG flavor…now if it was a .COM this would be a great deal, even in .NET I might understand it a bit more, but as a .ORG this is just confusing to me. But that could just be me.

What do you think? I want to hear from you, comment and let your voice be heard!

{ 6 comments… add one }

  • Mike Sallese September 2, 2019, 7:33 pm

    Agreed- this does seem steep for a crypto dot org- but the previous high was not that far off at $4K earlier this year for cryptomining.org according to Namebio.

    This combo of words is definitely premium- exchanges are where a lot of money is made (e.g Binance). Will be interesting to see if these few are just one offs or if some other crypto names start selling in other extensions.

    Mike

    Reply
  • Dershowitz September 2, 2019, 8:20 pm

    sold cheap even on the .org you can turn that domain into a Cash Cow.

    Reply
    • Domainggg September 3, 2019, 8:38 am

      Agreed, sold cheap as it has huge potential to produce chunk of money, crypto exchanges get million dollar funding easily and a nice buy for that price (Sold for US$5,165).

      Reply
  • Snoopy September 2, 2019, 8:47 pm

    More fake bidding no doubt.

    Reply
    • Joe September 3, 2019, 1:14 am

      Please forgive me for my ignorance, but why fake bidding on an expired domain. Doesn’t proceeds go to godaddy anyway(free money for them catching the name)

      Reply
      • Dershowitz September 3, 2019, 9:18 am

        Joe, Snoopy is just a troll. he goes around trying to start troubles. he’s harmless, No One Takes Him Serious. its like a joke.

        Reply
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